Elliott Wave Analysis: Anticipating an Upward move in USDCAD

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Hello Traders,

Trust you are great.
Below is my Elliott wave analysis of USDCAD currency pair

Analysis:
The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward.

Current State:
Wave B appears to have completed its formation. The next expected movement is the formation of Wave C.

Expectation:
An impulsive Wave C is anticipated to move upward towards the 1.37445 - 1.38147 region before a subsequent decline.

Invalidation level for the upside projection: 1.3605.

Cheers!
注释
UPDATE: Invalidation area adjusted. Idea still appears valid.

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Let's see.
注释
The pair did just as predicted. It has done over 100pips so far.
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注释
Now, reversal can occur any moment from now. Be on the lookout for confirming price action.

Cheers guys.
注释
USDCAD did +117pips.

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交易结束:到达目标
注释
UPDATE: Reversal to the downside supported by bearish Gartley. First target is 1.36720.

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注释
UPDATE: After the completion of initial upward move, price dropped by +85pips just as predicted.
Elliott wave projection: 快照

Harmonic projection: 快照
Chart PatternscorrectivestructureelliottwaveforecastsTrend AnalysisusdcadlongWave Analysis

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